FTX Reportedly Pays $120M in Consulting Fees
Between February 1 and April 30, the collapsed FTX exchange spent a total of $121.8 million on consulting and financial services.
Wyre Announces it is Closing its Business
After ten years of operation, US crypto payment company Wyre has announced it is shutting down due to harsh bear market conditions.
FDIC Accuses Crypto Exchange OKCoin of Misleading its Customers
The FDIC has accused OKCoin of making misleading statements about deposit insurance.
Binance Leaves the Netherlands
Binance is leaving the jurisdiction of the Netherlands as the exchange is unable to obtain a virtual asset service provider (VASP) license from the local regulator.
Texas Regulator Orders Digital Asset Platform Abra to Cease Operations
The Texas Securities Board (USA) has issued an order for Abra to cease operations immediately due to accusations of securities fraud.
Number of Subscribers to Bitcoin and Ethereum Subreddits Hits a New Record
The subscriber base of the premier Reddit crypto communities – r/Bitcoin and r/Ethereum – has surged to a record of 7 million users.
Binance Files to Revoke Registration in Cyprus
Binance has filed an application with the Cyprus Securities and Exchange Commission (CySEC) to withdraw its registration.
Binance.US’ Market Share Falls to 2.7%
Binance.US has seen a sharp decline in its market share in the US, dropping to the lowest level in two years with only 2.7% of exchange volume.
Coinbase Says DEXes Cannot Be Regulated as Centralized Exchanges
It is impossible to regulate decentralized exchanges (DEX) like centralized exchanges due to the lack of clear congressional authorization.
Crypto Broker FPG Halts Payments After Losing $15M in Hacker Attack
Prime Brokerage Floating Point Group has announced that they have suspended trading, deposits, and withdrawals.
Bitstamp is Registered by the UK’s FCA
Bitstamp, one of the oldest crypto exchanges, received approval from the Financial Conduct Authority (FCA) in the UK to operate on June 13, making it the latest addition to the FCA’s crypto register.
